Multiple Choice
Increases in revenues ________ stockholders' equity.Increases in expenses ________ stockholders' equity.
A) decrease; increase
B) increase; decrease
C) decrease; decrease
D) increase; increase
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: The excess of revenues over expenses is
Q12: A sole proprietorship has _ owner's equity
Q56: Revenues do not affect stockholders' equity.
Q95: Liabilities are the entity's economic obligations to
Q96: Depreciation expense is computed on _.<br>A)equipment and
Q97: Soley Company has the following data available:
Q102: Santa Ana Company has the following information
Q103: Upland Company purchases $4,000 of inventory,paying cash
Q106: Economic resources that a company owns and
Q127: Owners' equity represents the excess cash a